Tag: expansion
Evonik’s new truck tyre silica
Evonik reports that it has developed a new silica that it says is particularly suitable for use in truck and bus (TBR) tyres. In contrast to passenger car tyres, TBR tyres use mainly natural rubber, which, in combination with silane, places special requirements on the silica. With Evonik’s latest silica/silane development, fuel savings could be as high 8 per cent, the company said, which cuts costs and is better for the environment.
Pirelli expands Romania factory and warehousing
Pirelli has commissioned Belgian industrial property developer WDP to construct a new 62,000 square metre warehouse alongside the tyre manufacturer’s existing Slatina, Romania manufacturing operation. According to WDP, the news comes as part of “an expansion of the tyre manufacturer’s existing production facility”. WDP predicts that the project will cost around 40 million euros.
Kwik Fit reaches 44 branches in Italy
After opening its 40th centre in 2018, Kwik-Fit has announced that it now has 44 centres running under the Kwik Fit brand in Italy, exceeding growth forecasts. The company broke through the 10 branch barrier in October 2017. The long-term goal is to reach 200 centres.
Galgo opens new European distribution centre and headquarters
Mexico-based retreading material supplier Galgo Pre-Q Europe recently relocated its European headquarters to a larger distribution centre located in Willebroek, Belgium.
Magna Tyres Group expands into North America
Magna Tyres Group is expanding its network of offices and distribution into the United States and Canada. According to the company, Magna Tyres Group will start its expansion into the North American continent with an office in Canada.
Ronal breaks ground on new tool shop in Härkingen
The Ronal Group is building a new toolmaking shop at the site of the group’s headquarters in Härkingen (Switzerland). The groundbreaking ceremony for the project was held on 14 January, while construction is due to begin in February 2019.
Marangoni USA increasing tread production
Marangoni Tread North America is adding capacity to manufacture its XP Extreme Performance wide base Ringtread in the US – specifically at its tread manufacturing plant in Tennessee. According to the company, the move is being made to meet business demand from independent retreaders, Marangoni is expanding.
European Springs expands with 1 million euro investment in UK operations
European Springs & Pressings, supported by parent company Lesjofors, has invested 1 million euros in a new spring coiling machine, the first of its kind in the UK.
Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
Having rejected earlier plans for a new tyre factory in Malaysia, Prinx Chengshan has invested 170.6 million yuan (£19.464 million) in buying at least 433,600 square metres of land in at Tambon Nong Suea Chang, Amphur Nong Yai, and Tambon Klong-Kew, Amphur Ban-Bung, Chonburi province in Thailand. According to stock exchange filings dated 25 December 2018, the deal comprises “several plots of land” and will be funded by the company’s recent global share offering.
FinTyre buys RS Exclusiv Reifengrosshandel and TyreXpert Reifen + Autoservice
European FinTyre Distribution (EfTD) has signed a binding agreement to acquire two key players in the German tyre market: RS Exclusiv Reifengrosshandel GmbH and TyreXpert Reifen + Autoservice GmbH. As a result of the acquisition EfTD now has a total turnover of 740 million euros in Germany and project annual unit sales of 8.5 million tyres.
Prinx Chengshan the only HKEX-listed tyremaker at Tire+
Based in the city of Guangzhou, the Guangzhou International Automobile Exhibition is particularly close to the Chinese off-shore territories of Hong Kong and Macau. Still, despite the show’s proximity to such personal and corporate wealth, Prinx Chengshan unique inasmuch as it was the only Hong Kong stock exchange (HKEX) listed tyre manufacturer at the show.
Toyo investing US$138 million in US plant expansion
Toyo Tire North America Manufacturing Inc. is set to create more than 150 jobs when it invests over US$138 million in its manufacturing operation in Cartersville, Georgia. According to an official announcement, new jobs will include positions in production, support and administration.
Just Tyres kiosk opening in Rooksley Centre
Just Tyres is holding a launch party to celebrate the opening of a permanent fitting centre in Rooksley Centre, Milton Keynes on Saturday 1 December 2018. Located in the Deltic Trade Park, the new centre offers a unique tyre service enabling customers to get their tyres checked and fitted whilst shopping - and there’s the opportunity for customers to win prizes.
Fintyre to open London head office
The last couple of years have been something of a whirlwind for the European Fintyre Distribution project, which has seen the business grow from a key player in the Italian market into a wider European operation with aspirations of being the leading force in pan-European tyre distribution and perhaps even beyond. Tyres & Accessories recently met with European Fintyre chief executive officer Mauro Pessi in order find out more about the company’s decision to base its central headquarters in London as well as its general, ongoing growth.
Bridgestone expanding truck/bus tyre capacity at Warren County, USA plant
Production capacity for truck and bus radials at Bridgestone’s Warren County factory in Tennessee, USA will increase as part of a three-year, US$40 million investment to “meet market demand and address emerging customer needs.” Bridgestone Americas says it will break ground on expansion work at the 28-year old plant before the end of this year.